Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ameriprise, LPL Battle in Court Over Father-Son Advisor Duo Who Switched Firms
By Dinah Wisenberg BrinThe advisors took confidential material "in the dark of night" before leaving for LPL, Ameriprise says.
June 24, 2024
Nassau Financial Sues Its Insurers for Help With Paying Its Legal BillsThe company wants the insurers to help defend it against a lawsuit related to cost-of-insurance charges.
June 21, 2024
Kansas City Life Accuses Ex-Employee of Burning, Stashing Policies at HomeA former assistant kept about 50 life policies and burned about 100, the insurer estimates in a lawsuit.
June 21, 2024
More SEC Rules in Peril With Private Fund Rule StrikedownTwo of the SEC's main rulemaking statutes hang in the balance after the recent Fifth Circuit decision.
June 21, 2024
Trial Date Set for Ex-Broker Charged With BofA Exec's MurderA jury trial for Anthony Duwayne Turner, accused of killing Michelle Avan, is scheduled to start Sept. 9.
June 20, 2024
Former FBI 'Most Wanted' Advisor Pleads Guilty to Fraud, Money LaunderingWilliam Jack Berg schemed to obtain investors' money under fraudulent pretenses, prosecutors said.
June 20, 2024
Prudential Faces Two Federal Suits Over CyberattackThe plaintiffs are asking whether the life and annuity issuer told them about the breach quickly enough.
June 20, 2024
Fugitive Ex-Advisor Who Appeared on CNBC Arrested on Fraud ChargesJames Arthur McDonald Jr. allegedly lost over $30 million, then solicited millions from investors for a purported capital raise.